Mixed reactions in commodities
Maize prices were down by 4.3% this week to Rs.8140 per MT at the market yard. The price though is higher than last year by 17.7%. The prices are ruling at lower than the Minimum Support Prices (MSP) of Rs.8400 per MT declared by GOI for the new crop, which has started to arrive in the market in almost all the markets. In the future markets the prices were little higher than the MSP and were recorded in the range of Rs.8630 – Rs.8880 per MT for the period Oct 2008 – Jan 2009. In the SPOT markets on Karimnagar the prices were Rs.9621, Nizamabad recorded Rs.9136, while at Davangere the price was Rs.10116 per MT.
Pearl Millet (Bajra) prices were up by 2.7% this week to Rs.7280 per MT at the market yard. The price average lower than the MSP of Rs.8400. The price were up by 5.1% this time against last year prices and were lower than maize by about 12%.
Sorghum (Jowar) prices were up by 10.6% this week to level at Rs.10057 per MT at the market yard. The prices were higher than the MSP of Rs.8400 – 8600 per MT declared by GOI. Against last year the prices were higher by 13.5% and are also higher than maize by about 19%.
Barley prices dipped by 3% this week to Rs.9320 per MT at the market yard and were lower than 13.8% against last year. Probably barley is the only crop were prices have declined over last year.
Corn prices fell by 15-17% on CBOT on Friday against last week’s close. Prices for Dec 2008/Mar 2009 delivery were recorded at $178 – 185 per MT. The prices had reached a high of $315 per MT on CBOT in June 2008.
Results - DDGS can be used in poultry and dairy rations
Trials have shown that DDGS, the by-product of the ethanol industry can be used effectively in poultry and dairy cattle feeds. Trials conducted in Egypt and Japan have shown that DDGS in poultry ration upto 10% has had no negative affect on the efficiency of production. In addition use of DDGS in dairy buffalo rations has been effective in reducing the impact of heat stress on milk production in Egypt, as per Dr.Hussain Soliman, Country Director for US Grains Council in Egypt. It is not only the production efficiency, in addition lower feed costs convinced the feed manufacturers to use the product in the feed and government of Egypt recognizing its as a valuable feed ingredient. Egypt has so far imported 46,200 MT of U.S. DDGS in 2008 and it is expected to import more as the yer comes to the close.
Last week’s the CNF prices of DDGS to destinations in South East Asia were $283 – 285 per MT. At the current prices the product can be use din poultry rations in India at 5-7%.
Maize prices were down by 4.3% this week to Rs.8140 per MT at the market yard. The price though is higher than last year by 17.7%. The prices are ruling at lower than the Minimum Support Prices (MSP) of Rs.8400 per MT declared by GOI for the new crop, which has started to arrive in the market in almost all the markets. In the future markets the prices were little higher than the MSP and were recorded in the range of Rs.8630 – Rs.8880 per MT for the period Oct 2008 – Jan 2009. In the SPOT markets on Karimnagar the prices were Rs.9621, Nizamabad recorded Rs.9136, while at Davangere the price was Rs.10116 per MT.
Pearl Millet (Bajra) prices were up by 2.7% this week to Rs.7280 per MT at the market yard. The price average lower than the MSP of Rs.8400. The price were up by 5.1% this time against last year prices and were lower than maize by about 12%.
Sorghum (Jowar) prices were up by 10.6% this week to level at Rs.10057 per MT at the market yard. The prices were higher than the MSP of Rs.8400 – 8600 per MT declared by GOI. Against last year the prices were higher by 13.5% and are also higher than maize by about 19%.
Barley prices dipped by 3% this week to Rs.9320 per MT at the market yard and were lower than 13.8% against last year. Probably barley is the only crop were prices have declined over last year.
Corn prices fell by 15-17% on CBOT on Friday against last week’s close. Prices for Dec 2008/Mar 2009 delivery were recorded at $178 – 185 per MT. The prices had reached a high of $315 per MT on CBOT in June 2008.
Results - DDGS can be used in poultry and dairy rations
Trials have shown that DDGS, the by-product of the ethanol industry can be used effectively in poultry and dairy cattle feeds. Trials conducted in Egypt and Japan have shown that DDGS in poultry ration upto 10% has had no negative affect on the efficiency of production. In addition use of DDGS in dairy buffalo rations has been effective in reducing the impact of heat stress on milk production in Egypt, as per Dr.Hussain Soliman, Country Director for US Grains Council in Egypt. It is not only the production efficiency, in addition lower feed costs convinced the feed manufacturers to use the product in the feed and government of Egypt recognizing its as a valuable feed ingredient. Egypt has so far imported 46,200 MT of U.S. DDGS in 2008 and it is expected to import more as the yer comes to the close.
Last week’s the CNF prices of DDGS to destinations in South East Asia were $283 – 285 per MT. At the current prices the product can be use din poultry rations in India at 5-7%.
Amit Sachdev
India Representative
U S Grains Council
bluecros303@gmail.com
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